Overconfidence Educated Young Males: A Study on Cryptocurrency Investors in Indonesia

Modjo, Mohamad Ikhsan; Santoso, Fendi

doi:10.1109/icimtech55957.2022.9915258

Cited by 3 publications

(4 citation statements)

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“…In contrary to these results, no evidence was found that higher financial literacy increases participation in crypto market. Another research conducted by Modjo and Santoso (2022) and they implied that the average crypto asset owner has high confidence in financial decisions. On the other hand, Zhao and Zhang (2021) stated that risk tolerance was positively associated with cryptocurrency investment behavior but there was no statistically significant relationship between objective financial knowledge and investing in cryptocurrency.…”

Section: Working In Finance Fieldmentioning

confidence: 99%

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Financial Literacy, Behavioral Biases and Participation in Crypto Asset Markets

ARDOĞAN,

GÜL,

SUYADAL

2023

Eskişehir Osmangazi Üniversitesi İktisadi Ve İdari Bilimler Dergisi

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We have conducted a survey to determine the relationship between financial literacy and crypto market participation. Furthermore, we have included overconfidence and risk lover tendency, which are considered behavioral biases, in our models along with financial literacy. Logistic regression results revealed striking findings on financial literacy and crypto market participation. Our analysis shows that financial literacy has a positive significant impact on crypto market participation. Specifically, advanced financial literates are more likely to engage in crypto markets than basic financial literates. Confidence in financial decisions and risk – lover tendency also positively affect crypto investments, however these effects are insignificant. Apart from this, we determined a relationship between participation behavior and other control variables such as age, gender and investing in traditional assets. Lastly, we focus on Turkish crypto investors and find significant differences in respect of demographic factors in financial literacy and behavioral biases.

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Section: Working In Finance Fieldmentioning

confidence: 99%

“…Hsiao and Tsai (2018) examined this subject in derivatives market and Ünal (2018) applied to FX markets. As far as we know, only a few studies examined the relationship between financial literacy and crypto markets (Fujiki, 2020;Zhao and Zhang, 2021;Santoso and Modjo, 2022;Modjo and Santoso, 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

Financial Literacy, Behavioral Biases and Participation in Crypto Asset Markets

ARDOĞAN,

GÜL,

SUYADAL

2023

Eskişehir Osmangazi Üniversitesi İktisadi Ve İdari Bilimler Dergisi

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“…Bitcoin, Ethereum, dan berbagai altcoin telah menarik perhatian investor dan lembaga keuangan di seluruh dunia. Di antara beragam demografi yang terlibat dalam pasar yang sedang berkembang ini, investor muda menonjol karena keterlibatan mereka yang semakin meningkat (Hamayel & Owda, 2021;Modjo & Santoso, 2022;Prytula et al, 2021). Di Kota Bandung, Indonesia, tren ini sangat penting karena populasi anak muda yang dinamis dan melek teknologi mengeksplorasi peluang dalam investasi mata uang kripto.…”

Section: Pendahuluanunclassified

Tren Investasi Aset Digital: Studi tentang Perilaku Investor Muda terhadap Cryptocurrency di Tengah Perubahan Pasar Keuangan di Kota Bandung

Liestyowati,

Sudarmanto,

Ramadhani

et al. 2023

JAKWS

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Lanskap keuangan sedang mengalami perubahan paradigma dengan munculnya aset digital, terutama mata uang kripto, yang telah menangkap imajinasi para investor di seluruh dunia. Di antara para investor ini, individu-individu muda terlihat menonjol karena partisipasi mereka yang semakin meningkat di pasar aset digital. Di Kota Bandung, Indonesia, populasi anak muda yang melek teknologi berada di garis depan tren transformatif ini. Penelitian ini berjudul bertujuan untuk mempelajari lebih dalam tentang dinamika investasi cryptocurrency di kalangan anak muda Bandung. Dengan menyelidiki perilaku, persepsi risiko, strategi investasi, motivasi, dan pengaruh demografis mereka, penelitian ini memberikan kontribusi wawasan yang berharga untuk bidang investasi aset digital yang terus berkembang. Berada dalam konteks yang lebih luas dari pasar keuangan yang terus berubah, penelitian ini berusaha untuk memberikan informasi kepada para pembuat kebijakan, lembaga keuangan, dan investor muda itu sendiri ketika mereka menavigasi seluk-beluk lanskap aset digital.

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“…Pemasar NFT harus selaras dengan nilainilai budaya ini, karena mereka memainkan peran penting dalam memengaruhi persepsi dan adopsi konsumen. Beragamnya persepsi terhadap NFT, mulai dari aset digital yang inovatif hingga masalah lingkungan, mencerminkan kompleksitas adopsi NFT dalam konteks Indonesia, selain itu permasalahan lingkungan juga di khawatirkan oleh beberapa penelitian (Almeida et al, 2023;Auer et al, 2023;Modjo & Santoso, 2022).…”

Section: Pengaruh Dan Persepsi Budayaunclassified

Pendekatan Strategi Pemasaran NFT untuk Meningkatkan Kesadaran Konsumen dan Mendorong Tindakan dalam Lingkungan Kripto di Indonesia

Sudirjo,

Enzovani,

Desembrianita

2023

BISNISMAN

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This research investigates the impact of NFT marketing strategies on consumer awareness and action in the Indonesian crypto environment. A mixed methods approach was used, combining quantitative surveys and qualitative interviews. Quantitative results revealed that marketing strategies, including celebrity endorsements and digital art exhibitions, played an important role in raising awareness of NFTs, with approximately 45% of participants citing influential marketing campaigns. Qualitative findings underscored the importance of cultural factors, such as respecting cultural symbols and traditions, in shaping perceptions of NFTs. Challenges include the need for clearer regulations and addressing environmental concerns, while opportunities lie in fostering local NFT communities and supporting emerging artists. This study contributes valuable insights for industry stakeholders looking to navigate the Indonesian NFT landscape.

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Overconfidence Educated Young Males: A Study on Cryptocurrency Investors in Indonesia

Cited by 3 publications

References 0 publications

Financial Literacy, Behavioral Biases and Participation in Crypto Asset Markets

Financial Literacy, Behavioral Biases and Participation in Crypto Asset Markets

Tren Investasi Aset Digital: Studi tentang Perilaku Investor Muda terhadap Cryptocurrency di Tengah Perubahan Pasar Keuangan di Kota Bandung

Pendekatan Strategi Pemasaran NFT untuk Meningkatkan Kesadaran Konsumen dan Mendorong Tindakan dalam Lingkungan Kripto di Indonesia

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